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Friday, November 22, 2024
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Regional cooperation and European energy integration crucial for future energy sector

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Milutin Đukanović, Chairman of the Board of Directors of Elektroprivreda Crne Gore (EPCG), has emphasized that regional cooperation and integration into the European energy system are vital steps for the future of the energy sector. Speaking at the South East Europe Green EPC energy conference in Bucharest on Thursday, Đukanović highlighted that only through collective efforts can a sustainable energy system based on clean technologies and secure energy resources be built.

The conference provided a platform to discuss current challenges and opportunities in energy transition, focusing on the development of green technologies, renewable energy sources, sustainability, and regional cooperation.

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Đukanović underscored the importance of sustainable development in Montenegro’s energy sector and its shift towards clean energy sources. He pointed out EPCG’s recognition of the need to reduce carbon dioxide emissions and diversify energy resources.

His presentation focused on EPCG’s strategic projects, including the development of solar and wind farms, enhancement of hydroelectric capacities, and the advancement of battery energy storage systems.

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Đukanović expressed confidence that international cooperation will be crucial in achieving climate change and energy efficiency goals. He welcomed initiatives such as the European Union’s Green Deal, which he believes will help accelerate the decarbonization process in the region.

Romanian Energy Minister Sebastian Burduja discussed Romania’s achievements in energy transition, including the significant expansion of renewable energy capacity, particularly from wind and solar sources. He also emphasized Romania’s commitment to increasing energy security and regional connectivity.

Burduja highlighted the importance of cooperation on cross-border energy interconnection projects, which would enhance the region’s resilience to energy crises and ensure stable energy supplies. He stressed that integrated energy systems are key to accelerating the transition to clean energy, and Romania supports further development of these initiatives.

“Green energy is the future of our region and the planet. Investing in renewable sources and developing smart energy infrastructure is not only an economic decision but also a moral obligation to future generations. We are also highly committed to addressing current issues related to electricity price differences between Western and Eastern EU countries,” Burduja noted.

Both Burduja and Đukanović agreed that international cooperation is essential for achieving energy transition goals. They acknowledged that the South East European region faces many challenges but also holds significant potential in renewable energy utilization. They emphasized that a key priority is the construction of modern energy infrastructure to enhance connectivity, supply security, and full integration into the European energy market.

They also stressed the importance of accelerating all strategic projects with the support of international financial institutions and the European Union to ensure that regional countries actively participate in global energy flows.

The conference, which included representatives from various European energy and industry sectors, concluded with the consensus that only through joint efforts and partnerships can the region fully realize its potential in transitioning to clean energy.

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